Dear Sir,
I filed my ITR for FY 2021-2022 in old regime. For FY 2022-23 Income Tax is less in new regime than in old regime. I am a salaried person. So can I switch to new regime for filing FY 2022-23 ITR Returns. Please guilde.

Regards

OLD BIKE PURCHASED IN CASH FROM INDIVIDUAL BY DEALER AND PAID CONSIDERATION IN CASH.

NON COMPLIANCE ?

Sir
Labour working in crushers at mine, we have given contract and they are all Un registered, whether GST applicable under RCM, if applicable rate of GST, some of the experts are saying that GST no applicable hence clarify the same sir
Thanking you
Yours faithfully
Srinivasa Joshi

SECOND HAND BIKE DEALER PAID CONSIDERATION IN CASH TO OWNER OF THE BIKE.
AND THEN HE REPAIRS BIKE AND PAID REPAIR EXPENSE TO GARAGE OWNER IN CASH
AND SALE IT TO CUSTOMERS THROUGH CASH.

TRANSACTION IS APPROX OF 50 LAKH
IS THEIR ANY NON-COMPLAINCE ?

ITR2 FA schedule A3 we need to disclose foreign equity here my doubt is what do we mean peak value of investment and closing balance.
will be happy if one can illustrate with examples.

Dear Sir

Please suggest sales invoice Rs.435200/- buyer is not Registered in GST same state so we need show above invoice in GSTR-1 under Bto C or Bto L coloumn

Hi,

My income from all sources is way below the taxable limit under new tax regime.
If I do intraday trading, and if the speculative profit I earn too is below the taxable limit after adding all the income sources then will the speculative income is tax free?

Thanks

Condition No. 1 – Agricultural Income exceeds INR 5,000 P.A
Condition No. 2 – The total income (excluding the Agricultural Income) is more than the basic exemption limit.

Are both these conditions to be fulfilled in order to file ITR 2 mandatorily? What if only condition 2 is fulfilled?

Hi team,

Any idea if the enhanced exemption of 25 lakhs under leave encashment for pvt sector is available for AY 23-24. It was announced on 24th May 2023. However , will this be effective for AY 23-24. or is it still 3 lakhs only ?

Thanks
Mukund

What are the tax implications in the following cases?

1) agriculture income 6000 p.a and non agriculture income (fd deposits/capital gains) 100000 p.a .Is it mandatory to file ITR 2?

2) agriculture income 6000 p.a and non agriculture income 1000000 p.a.Is it mandatory to file ITR 2?